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Yoonah sells a plece of specialized equipment (with a high resale value) used...

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Accounting

Yoonah sells a plece of specialized equipment (with a high resale value) used in a business for $41,650 on September 10,2023. The equipment was purchased on May 20,2020, for $32,000. Yoonah has taken $9,200 of depreciation on the equipment. What are the amount and classification of the gain on the sale by Yoonah?
Multiple Choice
$18,850 Section 1231 gain
$9,200 Section 1231 gain and $9,650 Section 1245 ordinary income
$9,200 ordinary income under Section 1250 and $9,650 Section 1231 gain
$9,200 ordinary income under Section 1245 and $9,650 Section 1231 gain
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